Global Recovery 2021 And The Dark Legacies Of Smoot-Hawley
Written by Dan Steinbock, Difference Group
In 2021, China’s economic momentum will drive global economic prospects. But new trade wars could derail global recovery, again.
In the 1st quarter of the ongoing year, China’s GDP rose to a record 18.3% year-on-year. Despite the base effect, due to the pandemic plunge a year ago, the performance reflects strong momentum. In April, China’s economy continued to boom, with strong exports and rising business confidence supporting the recovery.
Source: http://econintersect.com/pages/opinion/opinion.php?post=202105022334
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